Former Bush adviser: Senate should reject Stephen Moore
A former head of the Council of Economic Advisers under President George W. Bush has called on the Senate to reject President Trump's nomination of author and Heritage Foundation economist Stephen Moore to the Federal Reserve.
Greg Mankiw, an economics professor at Harvard who served as an adviser to both Bush and Sen. Mitt Romney (R-Utah) through his 2012 presidential run, wrote on his blog Friday that senators should "do their job" and ensure Moore is not named as a Fed governor.
"Steve is a perfectly amiable guy, but he does not have the intellectual gravitas for this important job," Mankiw wrote. "It is time for Senators to do their job. Mr. Moore should not be confirmed."
Mankiw pointed to Moore's latest book, "Trumponomics," and his support for Trump's economic policies as a reason for his opposition. Mankiw has previously ripped the book's co-authors for "tribalism" in a review titled "Snake-Oil Economics." He declined to comment further on Saturday about his opposition to Moore's nomination.
"Rather than suggesting coherent policies, Moore and [Art] Laffer seem to hope that a much more rapidly growing economy will provide the resources to address all these problems, and they seem to believe that this growth will follow ineluctably from the lower taxes and deregulation that lie at the heart of Trump’s agenda," Mankiw wrote in his review of their book earlier this year.
https://thehill.com/homenews/administration/435440-former-bush-adviser-says-the-senate-should-reject-stephen-moore
Unfortunately the Senate won't heed his advice. Moore is a vapid cheerleader for discredited supply side economics.
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